TechFlow news, September 19 — According to CoinDesk, GRVT, a hybrid decentralized exchange built on ZKsync, announced the completion of a $19 million Series A funding round. The financing was co-led by ZKsync, GRVT’s technology partner, and Further Ventures, an investment firm backed by Abu Dhabi’s sovereign wealth fund.
GRVT’s mainnet Alpha version officially launched at the end of 2024 on ZKsync, Ethereum’s Layer 2 network. As a hybrid decentralized exchange, GRVT aims to combine the high performance of centralized exchanges with the security and transparency of decentralized exchanges to deliver a superior trading experience.
GRVT plans to use the new funds to expand its product offerings, including cross-exchange vaults, cross-chain interoperability, options markets, and real-world assets.
